- Stock has risen over 100% above its IPO issue price
- Madhuri Kela's stake is now worth Rs 111.55 crore
- FY26 revenue declined and the company posted a net loss
MV Electrosystems shares have climbed more than 100% above their IPO price. The rally has lifted the value of Madhuri Kela’s stake to Rs 111.55 crore.
The company’s financial performance is less encouraging. Its revenue fell in FY26, and it reported a net loss. These figures have raised doubts about whether the business can stay profitable.
